Chicago General Contractor and return guest Jonathan Klemm provides insight on successes and improvements made to his Business and Investments since his last appearance!
Jonathan kicks things off with tremendous insights on Chicago construction including permits, renovations, new construction, and lessons learned. He discusses his recent acquisitions and shares how he sourced and stabilized those assets. He then jumps into turning down opportunities to focus on more important aspects of his business; learning to say “no” to opportunities can be extremely powerful! Jonathan emphasizes the importance of taking action, cultivating strong focus, and transparency to take your business to the next level!
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02:18 Housing Provider Tip: Be aware of wiring best practices and scams!
04:37 Intro to our guest, Jonathan Klemm!
06:52 Jonathan’s messy flip project.
09:01 When are building permits required?
14:29 Dealing with Asbestos.
19:14 Getting into ground up construction!
24:38 Jonathan’s 1031 exchange and establishing a focus.
29:10 Getting into a 19-unit building.
32:03 Transitioning into a 26-unit building!
35:20 Focusing on Quality Builders (Jonathan’s business)!
44:50 5-Year outlook on Quality Builders and the City of Chicago!
48:18 What is Jonathan’s competitive advantage?
48:58 One piece of advice for new investors.
49:58 What do you do for fun?
50:35 Good book, podcast, or self development activity that you would recommend?
51:21 Local Network Recommendation?
51:51 How can the listeners learn more about you and provide value to you?
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Jonathan Klemm
Guest Company: Quality Builders
Guest Link: https://www.qualitybuilders.com/
Other Links for show notes:
Tom Moore (Zoning Attorney Referral)
